TEMPE, Ariz. -

Carvana made another finance-oriented move on Monday.

The online used-vehicle retailer announced it is planning to offer, subject to market conditions and other factors, $300 million in aggregate principal amount of senior notes due in 2023.

Carvana explained that it intends to use the net proceeds from this offering to pay its fees and expenses related to the offering and for general corporate purposes.

The company indicated the notes will not be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction, and will not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements.

Carvana added the offering of the notes will be made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.

“This press release is issued pursuant to Rule 135c of the Securities Act and does not constitute an offer to sell, or a solicitation of an offer to buy, any security,” the company said.

“No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful,” Carvana continued. “Any offers of the notes will be made only by means of a private offering memorandum.”